EU is going to limit import steel products

- Imports of certain steel products into the EU will be restricted by mid-July. Steel producers are looking for other markets, especially in the EU, as they have to pay 25 percent import duties on their steel products to the United States.

According to a spokesman from the European Commission, research shows that temporary measures are justified. The latest import statistics show a changed trade flow as a result of the US levies.

Member States have agreed to the measure that will last 200 days and, if necessary, be extended. The restrictive measures, the details of which are still being worked out, only apply above the 'traditional' level of trade and concern various steel products from all over the world. The normal supply is not affected, according to the committee.

EU Commissioner Cecilia Malmström (trade) had already announced last month that measures would probably be needed to increase steel imports into the EU due to the US measure.

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